Browsing All Posts published on »December, 2010«

Obama announces tax hike compromise

December 6, 2010

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After much indignant foot-stomping by Harry Reid, Nancy Pelosi, and many other Congressional Democrats, President Obama went in the opposite direction and announced a compromise on the expiring Bush tax cuts by extending all rates for two years in exchange for a 13-month extension on unemployment benefits. Other concessions to the GOP include temporarily lowering the […]

Class warfare and the tax hike fight

December 2, 2010

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With Senate Republicans vowing to a member to block any legislation until tax rates are addressed, the lame duck Congressional session has now been temporarily dominated by the debate over the expiring Bush tax cuts. Republicans want them all extended, keeping tax rates at their current level across the board, while Democrats only want to […]